Page 3 - Jk Cement

Ambuja, ACC, JK, Ultratech: Will cement stocks crack under pressure?

Cement stocks investment strategy: Investors with a long-term horizon may strategically accumulate shares of fundamentally strong cement companies

Hindustan Zinc, JK Cement, others qualify as bidders for gold mines in Raj

Vedanta group firm Hindustan Zinc, Jindal Power and JK Cement are among the few companies that have emerged as technically qualified bidders for two gold mines put up for sale in Rajasthan. Ramgad Minerals and Mining Ltd, Hirakund Natural Resources Ltd, Jindal Power, Hindustan Zinc and Saiyyed Owais Ali have emerged as technically qualified bidders for Bhukia-Jagpura gold block in the desert state. In the case of Kankriya Gara gold block, the technically qualified bidders are Hirakund Natural Resources, Poddar Diamond, Owais Metal and Minerals Processing, Hindustan Zinc and JK Cement, according to the website of Department of Mines and Geology (DMG) of the Rajasthan government. The auction process started in March this year. According to the website, the auction of both the gold blocks will be held this week. The full-scale production of the country's first large private gold mine in Andhra Pradesh will begin by the end of 2024, Deccan Gold Mines Managing Director Hanuma Prasad ha

Stocks to watch on May 13: TaMo, ICICI Bank, BEML, JK Cement

BEML's Q4 earnings showcased strong growth, with net profit soaring 62.8 per cent year-on-year (YoY) to Rs 256.8 crore.

Result preview: Analysts note 'unusual' quarter for cement sector

Expect healthy year-on-year growth in margins in Q4, but sequential decline

Broader mkt weakness, slow capex to halt rally in cement shares: Analysts

Shares of JK Cement, Dalmia Bharat, Ambuja Cement, and ACC, for instance, have lost in the range of 5 per cent to 8 per cent during the period, ACE Equity data shows

JK Cement Q3 net profit rises multi-fold to Rs 283.81 cr, revenue up 20%

JK Cement Ltd on Saturday posted a sevenfold increase in consolidated net profit to Rs 283.81 crore for the December quarter. The company had posted a profit of Rs 37.15 crore in the year-ago period, JK Cement said in a regulatory filing. Its revenue from operations rose 20.47 per cent to Rs 2,934.83 crore during the quarter under review from Rs 2,436.09 crore a year ago, it said. JK Cement's total expenses rose 7.5 per cent in the third quarter of the ongoing fiscal to Rs 2,564.29 crore. The company's total income was at Rs 2,973.28 crore, up 21.12 per cent.

Margin gains to support cement companies amid slowing demand in Q3

Most cement majors are pushing capex in anticipation of long-term demand

JK Cement Q2 results: Profit up 62% to Rs 178 cr, revenue rises 23%

JK Cement Ltd (JKCL) on Saturday reported 62.18 per cent rise in consolidated profit to Rs 178.47 crore for the second quarter ended September 2023. It logged a net profit of Rs 110.04 crore in the July-September period a year ago, according to a regulatory filing by JKCL. Revenue from operation was up 23.23 per cent to Rs 2,752.77 crore during the quarter as against Rs 2,233.84 crore a year ago. Total expense in the September quarter was up 21.08 per cent at Rs 2,537.89 crore. Total income was Rs 2,782.10 crore, up 23.66 per cent year-on-year.

JK Cement profit declines 29.4% to Rs 113.46 crore in June quarter

JK Cement Ltd on Saturday reported a 29.43 per cent decline in its consolidated net profit to Rs 113.46 crore for the first quarter that ended on June 30, 2023. The company had posted a net profit of Rs 160.79 crore in the April-June period a year ago, JK Cement said in a regulatory filing. Its revenue from operations was up 21.57 per cent to Rs 2,762.62 crore during the quarter under review as against Rs 2,272.38 crore in the year-ago period. JK Cement's total expenses were at Rs 2,598.63 crore, up 27.58 per cent in the first quarter of FY 2023-24. The total income of JK Cement in the June quarter was Rs 2,794.22 crore, up 22.16 per cent over the year ago period.

Stocks to Watch today, June 6: Adani Group, SBI, Maruti, HUL, Sejal Glass

Top Stocks to Watch on June 6, 2023: Adani Group said it has made a full prepayment of $2.15 billion of loans that were taken by pledging shares in the conglomerate's listed firms

J K Cement accords in-principle approval to sign agreement with Toshali

The company will acquire management control and hold 100 per cent of the paid-up capital of Toshali

Cement stocks riding high on hopes of higher demand, capex push

Price wars led by increasing capacities and aggressive competition may mar prospects

Cement trades weak on profit-booking; UltraTech dips 3% post Q3 results

UltraTech Cement said that rising government spending, recovery in the rural economy on a pickup in farm incomes and pre-sales of housing real estate should also help the industry recover.

Indian realty market to reach Rs 13 trillion by 2023: CII Delhi chairman

The conference stressed upon the critical role technology will play in this sector in improving processes in the infrastructure - construction sector

Housing, infra push drives industrial majors into Rs 60,000 cr paints biz

JK Cement latest entrant after JSW, Grasim, Astral Pipes and B2B marketplace Infra.Market; move aimed at driving synergies, leveraging distribution network, say experts

Sensex slumps 981 pts, Nifty ends near 17,800; PSU index crashes 6%

Market at close: The pain was even more severe in the broader market space where the BSE MidCap and SmallCap indices fell 3 and 4 per cent, respectively

Stocks to Watch: Aban Holdings, Landmark Cars, RIL, Lupin, Gail, JK Cement

Stocks to Watch Aban Holdings and Landmak Cars will be debuting on the stock exchanges on Friday. Both these stocks are likely to witness a tepid start to trade.

JK Cement enters paint segment, acquires 60% stake in Acro Paints

JK Cement on Thursday announced its foray into the paints business by acquiring 60 per cent stake in Rajasthan-based Acro Paints in a Rs 153 crore deal. Its wholly-owned subsidiary JK Paints and Coatings Ltd has entered into a share purchase agreement with Acro Paints Ltd and its shareholders to acquire a 60 per cent controlling stake in the company. The "remaining 40 per cent shall be acquired over a period of 12 months as per the definitive agreement entered between the parties", a joint statement said. Acro Paints is a manufacturer of architectural and high-performance paints and coatings. "This acquisition is a step towards fast-tracking JK Cement's entry into the paints business, expanding its product offerings and potentially foray into new markets," it added. Acro Paints has two manufacturing facilities, which are currently going through capacity expansion and are expected to be completed by Q2 FY24. Post-expansion, it will have a capacity of 60,000 KL in decorative and ..

Sensex ends at record closing, rises 211 pts; Nifty holds 18,550; RIL up 3%

CLOSING BELL: The S&P BSE Sensex hit a fresh life-time high at 62,701, and the Nifty 50 registered a fresh summit at 18,614 on Monday

Stocks to Watch: Wipro, Dalmia Bharat, JK Cement, HDFC, Rail Vikas Nigam

Stocks to Watch today: Wipro has launched a new financial services consulting capability in India named Capco